Further oil price free-fall, unlikely: Iran

Iranian Oil Minister Rostam Qasemi says crude prices are unlikely to fall below USD 100 a barrel and that the downward trend has stopped. “We forecast that the price of oil will not fall below USD 100 a barrel,” Qasemi told reporters on Wednesday on the sidelines of an Oil and Gas Show in Tehran.
“…oil prices below USD 100 per barrel is not reasonable and it’s an unreasonable price,” he said. Qasemi added that the Organization of Petroleum Exporting Countries (OPEC) would envisage calling an emergency meeting if prices fall below USD 100…………………………………Full Article: Source